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Cardano Ecosystem

BITCOIN Bull Run On Pace! (HERE Is Crypto Top)

04/06/2024

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1K views


Crypto Capital Venture

In this video, I discuss a comprehensive analysis of Bitcoin's price movements, drawing attention to its behavior following historical halving events and how these moments have traditionally signaled shifts in the market. I begin with an overview of Bitcoin's monthly chart, aiming to provide context before delving into shorter-term price actions. By examining past halvings and their subsequent impact on price peaks, I offer predictions for future market cycles, suggesting a potential range between January to July 2025 for the next bull market peak. Additionally, I explore the concept of "bull market doors" and their significance as indicators of market phases, noting an unusual pattern in the current cycle where these doors were broken before a halving for the first time. This leads me to analyze the time between breaking these doors and reaching all-time highs, further refining my forecast. Moreover, I incorporate technical analysis, focusing on the Relative Strength Index (RSI) and other chart patterns to predict short-term movements and set expectations for volatility. Throughout, I emphasize the importance of structure in charts as a tool for navigating the market, regardless of its bullish or bearish state. Finally, I wrap up by sharing my methodology for tracking Bitcoin's journey and the broader crypto market, inviting viewers to subscribe for more insights on cryptocurrencies including Bitcoin, Cardano, and others.


See original video on YouTube

ORIGINAL SOURCE

https://www.youtube.com/watch?v=paMjji3G...

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